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Prepare Now for The IoT Revolution
December 11, 2015 Blog big data

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The total volume of data from connected devices is expected  to reach 1.6 zettabytes by 2020. From smart traffic management to industrial plants, the Internet of Things is opening the door to a deluge of data that enterprises must manage. Tremendous value will come from analyzing the data to gain understanding and make better, and faster, business decisions. Much like the market for “big data” analytics – machine-learning, predictive, and real time – the IoT industry is poised for a data revolution.

IoT data is sourced primarily from sensors (fixed and mobile) and, for many companies, is a new type of data. The majority of enterprises are used to structured and “clean” data accessible through queries to databases, not streaming, heterogeneous data transmitted perpetually in real time. Dealing with this new type of data and extracting value from it is challenging and requires extensive experience and know-how. Businesses with the potential to derive value from IoT (i.e., those collecting new or additional sensor data, extracting insights, and generating business value) need to be informed as how best to utilize this new resource.